Legal Question in Landlord & Tenant Law in India
partners in a factory
hi i'v co-ownership in a factory building with a partner. now we have decided to get seprated.i have decided to pay him his share in the factory building. can i raise this share from bank loan.
plz advice!!
Asked on 2/21/09, 1:54 am
2 Answers from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Re: partners in a factory
Yes, sure, you may raise loan against the property and make the bank to pay your partner out of the loan proceeds. Where is the obstacle ?
Answered on 2/21/09, 12:53 pm
Pranav Desai
PD Legal & Associates
Re: partners in a factory
Yes
Answered on 2/22/09, 12:43 am
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